4. Is this a new regulation?

5. What does it mean for Data Controllers & Data Processors?

While the definitions have not changed, it’s important to be aware that the responsibilities of both have. Under the GDPR, member firms will still be data controllers with regards to their firm’s data.

It also brings a change in the rules if you’re a data processor, processing personal data on behalf of another business. You’ll have more direct compliance responsibilities than under the current law. This is a complex area and legal advice may be required.

6. What is ApprovalMax doing to prepare?

Here at ApprovalMax, we’re very excited about the GDPR, and the strong data privacy and security principles that it emphasizes.

In short, we are a GDPR-friendly software solution.

We’ve been preparing for the introduction of the GDPR for months, modifying many of our internal practices, policies, processes, and documentation to achieve compliance. You can read about how we did that on our website here.

In addition, we will be prepared to address any requests made by our customers with regards to their expanded individual rights under the GDPR, including:

Right to be forgotten,

Right to object,

Right to rectification,

Right of access,

Right of portability.

7. What about the personal data processed by accountancy firms?

Good question! As 30% of our clients are accountancy firms, we understand that our product may form part of the process that businesses need to implement to ensure they themselves are GDPR-compliant.

We pride ourselves on being a solution that accountancy firms can trust. To that end, we’ve prepared this useful guide to explain things further.

8. And what about other client types?

It’s vitally important that we help our clients manage their data in such a way that it builds trust and increases data control.

In short, we are fully GDPR-compliant for all of our customers, no matter which business type they are. If you have any questions surrounding GDPR, please contact us.

Additional Resources

The last thing we wanted to do with this article was overwhelm you with too much information.

If you’d like to learn more about GDPR, how it will impact your business, and what we’ve done to prepare, please read the following: